Mr. Andrew Knatchbull of RAB Capital reports

RAB CAPITAL DISCLOSES ADDITIONAL INVESTMENT IN VIVA GOLD CORP.

On Dec. 30, 2025, RAB Capital Jersey Ltd., a private investment holding corporation controlled by Philip Richards, purchased 1.25 million units of Viva Gold Corp. pursuant to a private placement, at a price of 16 cents per unit for aggregate consideration of $200,000. Each unit is composed of one common share and one-half non-transferable common share purchase warrant. Each warrant is exercisable to acquire one common share of Viva Gold at an exercise price of 24 cents per share until Dec. 29, 2028.

Mr. Richards now beneficially owns and controls, directly and indirectly, 22.22 million common shares and 5,775,000 warrants to purchase common shares, representing approximately 12.94 per cent of the outstanding shares on a non-diluted basis and approximately 16.31 per cent on a partially diluted basis. Prior to this investment acquisition transaction, Mr. Richards beneficially owned or controlled 20,971,500 common shares and 4.15 million warrants.

The units were acquired by RAB Capital for investment purposes. Mr. Richards and RAB Capital have a long-term view of the investment, and may acquire additional securities of Viva Gold, including on the open market or through private acquisitions, or may sell securities of Viva Gold, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

RAB Capital is a private company that invests in a wide range of assets based on fundamental analysis. RAB Capital currently targets investments in small companies, both listed and private, and real estate development opportunities.

Viva Gold is a B.C. company.

This news release is being issued in accordance with National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in connection with the filing of an early warning report. A copy of the early warning report with respect to the foregoing will appear on Viva Gold's profile on SEDAR+ and may also be obtained by contacting its office at 44-0-20-7389-7000 (6 Kilmington Close, Brentwood, United Kingdom, CM14 9TB).